GOLDBUGS AMEX Goldbugs Index (GOLD)

[DiscoverGold]

As U.S. dollar strengthens, silver likely to succumb to seasonal slump
- Almanac Trader

* May 10, 2016

Silver has a strong tendency to peak or continue lower in May, bottoming in mid to late June. Traders can look to sell silver on or about May 13 and maintain a short position until on or about June 24. In the past 43 years this trade has seen declines 29 times for a success rate of 67.4%. Prior to 2014, this trade had been successful for eight years in a row. Last year, this trade did get back on track and is now been successful in 9 of the last 10 years.

In the chart below, the 43-year historic average seasonal price tendency of silver as well as the decline typically seen from mid-May until the low is posted in late June into early July is shown. This May silver short trade captures the tail end of silver’s weak seasonal period (shaded yellow). A weakening U.S. dollar caused silver to spike in April, but the dollar has firmed and the spike appears to have run its course.



http://jeffhirsch.tumblr.com/post/144163976843/as-us-dollar-strengthens-silver-likely-to

• DiscoverGold.